22,120 companies formed

UK  805,141 companies formed in the UK in total View national statistics

Wales builds on a growing trend registering a record high number of new businesses.

Wales saw over 22,000 companies formed in 2022, continuing the year on year increase in company formation activity demonstrated over time.

There was a positive response across the country as numbers of dissolutions dipped and incorporation numbers grew.Cardiff incorporated a majority forming 7,210 new businesses.

The 6.6% annual growth in the company population was the highest of any of the nations in the UK, and growth over 10 years reached 76.5%.

If you want to register a company in Wales you’ll find our simple company formation service really helpful.